Global Payment Processing Solutions Market to Reach $161.9 Billion by 2030
Dublin, March 13, 2024 (GLOBE NEWSWIRE) -- The "Payment Processing Solutions: Global Strategic Business Report" report has been added to * ResearchAndMarkets.com's* offering.
The global market for Payment Processing Solutions estimated at US$58.5 Billion in the year 2022, is projected to reach a revised size of US$161.9 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2022-2030. Credit Cards, one of the segments analyzed in the report, is projected to record 11.2% CAGR and reach US$67.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Debit Cards segment is readjusted to a revised 12.6% CAGR for the next 8-year period.
*The U.S. Market is Estimated at $15.9 Billion, While China is Forecast to Grow at 18.6% CAGR*
The Payment Processing Solutions market in the U.S. is estimated at US$15.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$38.4 Billion by the year 2030 trailing a CAGR of 18.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 11% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.
*Select Competitors (Total 72 Featured) - *
· PayPal
· Fiserv
· Global Payments
· FIS
· Square
· Stripe
· MasterCard
· Visa
· Dwolla
· ACI Worldwide
· Adyen
· Paysafe
· Jack Henry & Associates
· Wirecard
· PayU
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 108
Forecast Period 2020 - 2027
Estimated Market Value (USD) in 2020 $47 Billion
Forecasted Market Value (USD) by 2027 $108.3 Billion
Compound Annual Growth Rate 12.7%
Regions Covered GlobalFor more information about this report visit https://www.researchandmarkets.com/r/emrec8
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*Attachment*
· Global Market for Payment Processing Solutions
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